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Re: The Dollar

By: killthecat in FFFT | Recommend this post (0)
Sun, 27 May 12 8:34 PM | 89 view(s)
Boardmark this board | Food For Further Thought

Msg. 42567 of 65535
(This msg. is a reply to 42566 by clo)
Jump:

Hi Clo:

Yes it is, hence it's current strength. We must take care in defending its status.

The possibility of China and India trading for Iranian oil in gold, rupees and yuans, or barter could further erode the dollar's international role. Don't want to get a ball rolling. The U.S. is pressing hard to get India, China, and Japan to reduce oil imports from Iran, with some success.

Iran is such a wild card in today's teeter-totter environment. The upcoming EU oil embargo should do wonders for Europe. Maybe a nice recession will reduce demand.

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The above is a reply to the following message:

Re: The Dollar By: clo in FFFT Sun, 27 May 12 8:09 PM	Msg. 42566 of 65535
Hi KTC, Regarding the dollar, with Europe in a quagmire, China has slower growth than expected, & Japan still treading water, isn't the dollar still the 'safest' bet & the preferred choice?

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